BID DOCUMENT - IDCO

Contractor shall forthwith pay the amount of all expenses incurred and shall have no claim in respect and such
scaffolding or surplus materials as aforesaid except for any sum actually realized by the sale thereof.
CLAUSE - VII:
PAYMENT ON INTERMEDIATE CERTIFICATE TO BE REGARDED AS ADVANCE AND BILL
TO BE SUBMITTED MONTHLY:
A bill shall be submitted by the Contractor each moth or before the date fixed by the Corporation for all works
executed in the previous month and the authorized officer of the Corporation or his subordinate shall take the
requisite measurement for the purpose of having the same verified and the claim as far as admissible, adjusted if
possible, before the expiry of ten days from the presentation of the bill. If the Contractor does not submit the bill
within the time fixed as aforesaid, the authorized officer of the Corporation or his subordinate shall measure up the
said work in the presence of the Contractor whose counter signature to the measurement list shall be sufficient
warrant and the authorized officer of the Corporation or his subordinate shall prepare a bill from such list which shall
be binding on the Contractor in all respects.
Provided that, if any balance of the 7% (seven percent) security is outstanding from each such payment shall be
deducted so much, not exceeding 5% as may be necessary to make up the balance of the security. All such
intermediate payments to the Contractor shall be regarded as payments by way of advance against the final
payment only and not as payments for work actually done and completed and shall not preclude the requiring of
bad, unsound and imperfect or unskilled work to be removed and taken away and reconstructed or re-erected, or be
considered as an admission of the due performance of the contract, or any part thereof in any respect, or the
accrual of any claim nor shall it conclude, determine or effect in any way the powers of the corporation under these
conditions or any of them as to the final settlement or adjustment of the accounts or otherwise, or in any other way
vary or affect the contract.
Payment to the contractor will be made in a regular basis subjected to availability of funds from client.
CLAUSE - VIII:
The final bill shall be prepared by the officer of the Orissa Industrial Infrastructure Development Corporation in
accordance with the rules of the Corporation in the presence of the Contractor within three month of the date of
completion.
CLAUSE - IX:
STORES SUPPLIED BY CORPORATION :
Deleted
CLAUSE - X:
WORKS TO BE EXECUTED IN ACCORDANCE WITH SPECIFICATION, DRAWING AND ORDERS ETC.:
The Contractor shall execute the whole and every of the work in the most substantial and workman like manner,
and both as regards materials and otherwise in every respect in strict accordance with the specification. The
Contractor shall also conform exactly, fully and faithfully to the designs drawing and instructions in writing relating to
the work signed by the authorized officer of the Corporation lodged in his office, and to which the Contractor shall
be entitled to have access at such office, for the purpose of inspection during office hours and the Contractor shall,
if he so require, be entitled at his own expenses to make or cause to be made copies of the specifications, and of all
such designs, drawings and instructions as aforesaid.
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